Tremor Poised for Boom in Video Ad Market with $8.4 Million in Funds

The network focuses on providing in-stream and in-banner video. It works with more than 300 publisher sites for a combined 70 million unique visitors per month. Tremor will use the financing to expand its video ad network and build sales force.

"We're seeing a lot more demand for video and rich media," Tremor CEO Jason Glickman said. "Video is becoming more mainstream and core to campaigns."

To lead the company in growth, Tremor hired Randy Kilgore, the former the senior vice president of advertising at Dow Jones & Co., as chief revenue officer.

His duties also include strengthening relationships with advertisers and publishers and overseeing the development of new strategic initiatives for the network. Mr. Kilgore holds board positions with the Interactive Advertising Bureau and the Online Publishing Association.

The company, which has offices in Los Angeles and San Francisco, will open another one in Chicago before the end of the year

Currently the network partners with about 50 advertisers, though that number varies monthly according to Mr. Glickman. The network began serving video ads in August of last year.

Throughout its growth Tremor will be promoting its proprietary ad insertion technology for video. One complication that the company has involves adjusting creative to the various media players on a user's PC. By dynamically serving the ad, Tremor avoids requiring specific software.

"It's kinda been the Wild West in how to run a campaign," Mr. Glickman said. "We're trying to make it easier for advertisers and publishers. We allow them to use third party sources or our own technology."

EXTENDED DEADLINE

You have until Wednesday, December 7 to get your entries in. Learn more here.